Research Analysts Issue Forecasts for DDR Corp.’s FY2018 Earnings (DDR)
DDR Corp. (NYSE:DDR) – Stock analysts at KeyCorp issued their FY2018 earnings estimates for DDR Corp. in a research note issued on Tuesday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $1.01 for the year. KeyCorp currently has a “Buy” rating and a $13.00 target price on the stock.
DDR Corp. (NYSE:DDR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $220.10 million during the quarter, compared to analyst estimates of $218.58 million. DDR Corp. had a return on equity of 3.48% and a net margin of 1.11%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. TRADEMARK VIOLATION WARNING: “Research Analysts Issue Forecasts for DDR Corp.’s FY2018 Earnings (DDR)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/11/11/research-analysts-issue-forecasts-for-ddr-corp-s-fy2018-earnings-ddr.html.
DDR has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price target (down from $11.00) on shares of DDR Corp. in a research note on Tuesday. Mizuho reaffirmed a “hold” rating and set a $10.00 price target on shares of DDR Corp. in a research note on Monday, October 9th. Zacks Investment Research lowered DDR Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Boenning Scattergood reaffirmed a “hold” rating on shares of DDR Corp. in a research note on Thursday, July 27th. Finally, ValuEngine raised DDR Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. DDR Corp. presently has an average rating of “Hold” and a consensus target price of $12.04.
Shares of DDR Corp. (DDR) traded up $0.12 during midday trading on Friday, reaching $8.06. The company’s stock had a trading volume of 4,371,300 shares, compared to its average volume of 5,089,035. The company has a current ratio of 0.61, a quick ratio of 1.65 and a debt-to-equity ratio of 1.51. The company has a market cap of $2,925.61, a price-to-earnings ratio of 6.62, a P/E/G ratio of 1.39 and a beta of 0.76. DDR Corp. has a 52-week low of $7.55 and a 52-week high of $15.82.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 12th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.43%. DDR Corp.’s payout ratio is currently -1,900.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in shares of DDR Corp. in the second quarter valued at $100,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of DDR Corp. in the second quarter valued at $104,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of DDR Corp. in the second quarter valued at $111,000. Janney Montgomery Scott LLC purchased a new stake in shares of DDR Corp. in the second quarter valued at $121,000. Finally, Greenleaf Trust purchased a new stake in shares of DDR Corp. in the second quarter valued at $123,000. Institutional investors own 80.03% of the company’s stock.
About DDR Corp.
DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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